The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"  USAPonzi    Copyright Declaration     by John W. White   Mar 29, 2013

Printing Counterfeit Money: $210,553/second 201124
November 24, 2020
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 11/26/20


The
U.S. Government is printing counterfeit money at the current rate of $210,553 per second and giving it to the U.S. upper class!


Wall Street is doing great and Main Street is getting killed!


The U.S. upper class is fraudulently getting rich and the stock market is fraudulently going up because the U.S. Government is printing counterfeit money by pretending to borrow money from the future Americans and giving it to the U.S. upper class! The U.S. Government has already fraudulently printed $155.7 Trillion of counterfeit money!


The Dow Jones Industrial Average broke through the 30,000 mark today solely because the U.S. Government has printed $155.7 Trillion of counterfeit money! The U.S. upper class is getting rich because the U.S. Government is fraudulently borrowing money from our kids and our grandkids and giving it to the U.S. upper class by undertaxing them!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is committing fiscal and accounting fraud by not using proper and Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is not accruing the money to pay the future U.S. Government benefit commitments to the U.S. general public!


The U.S. Government is projected to have a Cash Deficit in FY2021 of $3.20 Trillion when GAAP Accounting projects that the U.S. Government will have a GAAP Deficit in FY2021 of $6.64 Trillion!


By spending much more than its income, the U.S. Government is deferring public liabilities to the future Americans and undertaxing the U.S. upper class! The corrupt U.S. Government has been doing this for the last 52 years and so far has borrowed $155.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class!


This is why the U.S. upper class appears to so rich; the corrupt U.S. Government has fraudulently borrowed $155.7 Trillion from the future Americans when the future Americans do not have $155.7 Trillion and given it to the U.S. upper class! The corrupt U.S. Government is borrowing counterfeit money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class by undertaxing them!


Since USAPonzi was launched in FY1969, the U.S. Government has been borrowing counterfeit money from the future Americans and giving it to the U.S. upper class! The following table shows the rate at which the U.S. Government has been printing counterfeit money over four time periods.


Since Jan 1, 1969 when the U.S. Government started USAPonzi.
Since 9/26/15 when usdebtclock.org started reporting on a GAAP basis.
Since 2/17/20 which is just prior to the start of the Coronavirus Pandemic.
Since 10/1/20 which is the start of the current fiscal year (FY2021).


US Unfunded Liabilities (GAAP)
/Imaginary-Counterfeit Money

Period Start Date 1969  9/26/15  2/17/20  10/1/20 
Length of period-days 18,955  1,886  281  55 

Unfunded Liabilities
11/24/20-Trillions

$155.7  $155.7  $155.7  $155.7 
Unfunded Liabilities
Start of Period-Trillions
$0.4  $97.7  $128.4  $154.7 
Change this period-
Trillions
$155.3  $58.0  $27.3  $1.0 
Rate per year-Trillions $2.99  $11.22  $35.46  $6.64 
Rate per month-Billions $249.2  $933.3 

$2,958.3 

$553.3 
Rate per day-Billions $8.2  $30.8  $97.2  $18.2 
Rate per second-Dollars $94,812  $355,937  $1,124,456 

$210,553 


The corrupt U.S. Government has been printing counterfeit money at the average rate of $94,812/sec for the last 52 years and giving it to the U.S. upper class!


The corrupt U.S. Government has been printing counterfeit money at the average rate of $355,937/sec for the last 5 years and giving it to the U.S. upper class!


The corrupt U.S. Government has been printing counterfeit money at the average rate of $1,124,456/sec since the Coronavirus Pandemic started and giving it to the U.S. upper class!


The U.S. Government and Federal Reserve stimulus programs have deferred $27.3 Trillion of public liabilities to the future Americans in just the last 9 months! This is the reason the stock market and real estate market have bounced back so quickly even during an economic crisis that is killing main street! The corrupt U.S. Government has fraudulently borrowed $27.3 Trillion of counterfeit money, in just the last nine months, from the future Americans and given it to the current Americans so we can buy stuff to run up the stock market and buy new and bigger houses!


Because of this fiscal and  accounting fraud, that I call USAPonzi, Wall Street appears to be doing great and Main Street is getting killed!


The corrupt U.S. Government is currently printing counterfeit money at the average rate of $210,553/sec since the start of FY2021 (Oct 1, 2020) and giving it to the U.S. upper class!


The following commentaries explain how the
corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting), that prints an unending and ever-increasing amount of imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, and giving it to the U.S. upper class!


GAAP basis deficit spending
by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!


USAPonzi-The Great American Fraud
USAPonzi-The Great American Con Game
Whistleblower Letter #3 to Planet Earth
Whistleblower Letter #3 to U.S. general public
Whistleblower Letter #6 to Congress


The devastating impact of this fiscal and accounting fraud, that I call USAPonzi, is summarized in my October 1, 2020 commentary!


Quintet of Global Crises


This accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government!

National Debt  $27.3 Trillion 
Cash Deficit in FY2021  $3.20 Trillion 
*GAAP Deficit in FY2021  $6.64 Trillion 
US Unfunded Future Liabilities  $128.4 Trillion 
US Unfunded Liabilities (GAAP)  $155.7 Trillion 
Imaginary-Counterfeit Money  $155.7 Trillion 
Total National Assets  $157.1 Trillion 

Source: www.usdebtclock.org November 24, 2020
*GAAP Deficit-current


You can learn more about the
fraud
/Ponzi scheme by reading my websites (www.usaponzi.net and www.usaponzi.com) or by reading my eighth book on USAPonzi “USAPonziE which is available on Amazon!


This is the biggest ($155.7 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud and “The Biggest Ponzi Scheme on the Planet”!


John W. White
Plano, TX